How Do You Use Travellers Cheques at Traveling

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How Do You Use Travellers Cheques. A traveller's cheque is a medium of exchange that can be used in place of hard currency. The recipient should compare the signatures and confirm that they match.

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The customer will then need to sign the travellers cheque in the presence of the merchant. They also have multiple uses. For example, they aren’t usually accepted by businesses, except some hotels, restaurants and shops, all of which usually offer a poor exchange rate.

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When making purchases, countersign the cheque in the presence of the receiver; They can be used when you’re on holiday in place of cash, or can be exchanged for cash while you’re away. Just sign your travellers cheques when you get them and make a note of the serial numbers in case they get lost or stolen. Also know, how do you cash travellers cheques?